OFS Capital reports Q3 NII 27c, two estimates 25c
Investment Income Overview: For the quarter ending September 30, 2024, total investment income fell to $10.9 million from $11.2 million in the previous quarter, mainly due to a $0.2 million decrease in interest income.
Interest Income Breakdown: The decline in interest income was attributed to a $0.5 million drop in contractual cash and PIK interest, which was partially offset by a $0.4 million increase in accretion of interest income on CLO subordinated notes.
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OFS Capital announces $31M debt repayment plan and aims for 8.8% yield while focusing on reducing balance sheet leverage.
Management Overview: CEO Bilal Rashid reported a decline in net investment income to $0.22 per share due to higher interest costs and a decrease in net asset value to $10.17 per share, primarily from markdowns on equity investments and CLOs.
Financial Adjustments: The company reduced its quarterly distribution to $0.17 per share for Q4 2025, citing the need to align with net investment income amidst ongoing interest rate cuts and increased financing costs.
Refinancing and Deleveraging: OFS Capital completed significant refinancing actions, including a $69 million unsecured bond offering and a $25 million private placement, while also reducing its floating rate facility to manage debt levels.
Cautious Outlook: Management emphasized a focus on capital preservation and deleveraging, with concerns about potential further rate cuts impacting net investment income and ongoing market risks related to monetizing equity positions.
OFS Capital Corporation Sets Date for Third Quarter 2025 Earnings Release and Conference Call
Earnings Report Announcement: OFS Capital Corporation will report its third quarter 2025 earnings results on October 30, 2025, after the market closes.
Conference Call Details: A conference call to discuss the financial results will be held on October 31, 2025, at 10:00 a.m. ET, hosted by CEO Bilal Rashid and CFO Kyle Spina.
Accessing the Call: Interested parties can listen to the call via a webcast on the OFS Capital website or by phone, with a replay available for 90 days after the event.
Company Overview: OFS Capital is a business development company focused on providing income and capital appreciation through debt and equity investments in middle-market companies in the U.S.
OFS Capital outlines $69M note refinancing and continued focus on monetizing Pfanstiehl equity amid macro uncertainty
Management Insights: OFS Capital reported a slight decline in net investment income to $0.25 per share and a significant drop in net asset value to $10.91, largely due to unrealized depreciation in equity investments, particularly Pfanstiehl Holdings. The company is focusing on monetizing noninterest-earning equity positions while navigating economic uncertainties.
Financial Performance and Outlook: The company maintained its quarterly distribution at $0.34 per share for Q3 2025 despite rising expenses and ongoing macroeconomic challenges. A $69 million bond offering was completed to refinance existing notes, with management emphasizing a defensive approach to capital preservation and portfolio quality amidst subdued M&A activity.
OFS Capital Corporation Announces Date for Its Second Quarter 2025 Earnings Release and Conference Call
Earnings Report Announcement: OFS Capital Corporation will release its second quarter 2025 earnings results on July 31, 2025, followed by a conference call on August 1, 2025, hosted by CEO Bilal Rashid and CFO Kyle Spina.
Company Overview: OFS Capital is a business development company focused on providing income and capital appreciation through investments in privately held middle-market companies, primarily through debt investments ranging from $3 million to $20 million.
OFS Capital Launches Offering Of Unsecured Notes, Plans Partial Redemption Of 2026 Notes
Public Offering Announcement: OFS Capital Corporation has launched an underwritten public offering of unsecured notes, with details to be finalized during the offering, and plans to list them on Nasdaq under the symbol "OFSSO."
Use of Proceeds: The net proceeds will be used to partially redeem existing 4.75% Notes due 2026, with $125 million outstanding as of July 14, 2025, and a planned redemption of $25 million set for August 11, 2025.
OFS Capital Corporation Prices Public Offering of $60,000,000 7.50% Notes Due 2028
OFS Capital Corporation Offering: OFS Capital Corporation has priced a public offering of $60 million in 7.50% notes due 2028, with expected net proceeds of approximately $58.5 million, aimed at partially redeeming its existing 4.75% notes due 2026.
Investment and Trading Details: The notes will mature on July 31, 2028, with interest payments starting October 31, 2025, and the company plans to list them on Nasdaq under the symbol "OFSSO," pending approval.
OFS Capital announces $31M debt repayment plan and aims for 8.8% yield while focusing on reducing balance sheet leverage.
Management Overview: CEO Bilal Rashid reported a decline in net investment income to $0.22 per share due to higher interest costs and a decrease in net asset value to $10.17 per share, primarily from markdowns on equity investments and CLOs.
Financial Adjustments: The company reduced its quarterly distribution to $0.17 per share for Q4 2025, citing the need to align with net investment income amidst ongoing interest rate cuts and increased financing costs.
Refinancing and Deleveraging: OFS Capital completed significant refinancing actions, including a $69 million unsecured bond offering and a $25 million private placement, while also reducing its floating rate facility to manage debt levels.
Cautious Outlook: Management emphasized a focus on capital preservation and deleveraging, with concerns about potential further rate cuts impacting net investment income and ongoing market risks related to monetizing equity positions.
OFS Capital Corporation Sets Date for Third Quarter 2025 Earnings Release and Conference Call
Earnings Report Announcement: OFS Capital Corporation will report its third quarter 2025 earnings results on October 30, 2025, after the market closes.
Conference Call Details: A conference call to discuss the financial results will be held on October 31, 2025, at 10:00 a.m. ET, hosted by CEO Bilal Rashid and CFO Kyle Spina.
Accessing the Call: Interested parties can listen to the call via a webcast on the OFS Capital website or by phone, with a replay available for 90 days after the event.
Company Overview: OFS Capital is a business development company focused on providing income and capital appreciation through debt and equity investments in middle-market companies in the U.S.
OFS Capital outlines $69M note refinancing and continued focus on monetizing Pfanstiehl equity amid macro uncertainty
Management Insights: OFS Capital reported a slight decline in net investment income to $0.25 per share and a significant drop in net asset value to $10.91, largely due to unrealized depreciation in equity investments, particularly Pfanstiehl Holdings. The company is focusing on monetizing noninterest-earning equity positions while navigating economic uncertainties.
Financial Performance and Outlook: The company maintained its quarterly distribution at $0.34 per share for Q3 2025 despite rising expenses and ongoing macroeconomic challenges. A $69 million bond offering was completed to refinance existing notes, with management emphasizing a defensive approach to capital preservation and portfolio quality amidst subdued M&A activity.
OFS Capital Corporation Announces Date for Its Second Quarter 2025 Earnings Release and Conference Call
Earnings Report Announcement: OFS Capital Corporation will release its second quarter 2025 earnings results on July 31, 2025, followed by a conference call on August 1, 2025, hosted by CEO Bilal Rashid and CFO Kyle Spina.
Company Overview: OFS Capital is a business development company focused on providing income and capital appreciation through investments in privately held middle-market companies, primarily through debt investments ranging from $3 million to $20 million.
OFS Capital Launches Offering Of Unsecured Notes, Plans Partial Redemption Of 2026 Notes
Public Offering Announcement: OFS Capital Corporation has launched an underwritten public offering of unsecured notes, with details to be finalized during the offering, and plans to list them on Nasdaq under the symbol "OFSSO."
Use of Proceeds: The net proceeds will be used to partially redeem existing 4.75% Notes due 2026, with $125 million outstanding as of July 14, 2025, and a planned redemption of $25 million set for August 11, 2025.
OFS Capital Corporation Prices Public Offering of $60,000,000 7.50% Notes Due 2028
OFS Capital Corporation Offering: OFS Capital Corporation has priced a public offering of $60 million in 7.50% notes due 2028, with expected net proceeds of approximately $58.5 million, aimed at partially redeeming its existing 4.75% notes due 2026.
Investment and Trading Details: The notes will mature on July 31, 2028, with interest payments starting October 31, 2025, and the company plans to list them on Nasdaq under the symbol "OFSSO," pending approval.
